Fond memories of many school holidays spent on a family friend’s wine farm ignited a dream within the heart of young Mark Lindhorst. He decided he would own a wine farm – one day. And with his dream set firmly in place, Mark ambitiously set out to turn it into reality. Without a farm in…
Consol makes SA “greener” one ray at a time with its New Solar Jar. The principle is simple and seductively clever: the Consol Solar Jar stores energy during the day and releases light at night; a fun and sustainable alternative light supply that makes it easy to go green! Fitted with solar powered LED lights,…
There is no other country where you can get to fly with angels, swim with devils and stay in paradise. The holidays are over and you’ve probably already bent (or broken) your New Year’s resolution – you’re wondering how the year has managed to settle into that familiar routine already. Maybe it’s time to shake…
The Nissan 370z was the icon of Japanese muscle cars until the latest GTR took its place. However, the sheer price difference between these two vehicles must be borne in mind. The 370 (the cheaper of the two) also looks more like a sports car than the GT-style GTR. The 370z’s styling is enhanced with…
Africa Fraud Barometer KPMG has released the findings of the second Africa Fraud Barometer. This initiative was launched in 2012 and is an early stage effort to measure fraud on the African continent and expose the risk of fraud to companies in their day-to-day operations. According to the tool, reported cases of fraud decreased from…
Sustainability CFOs are coming to the table A recent study by Deloitte on sustainability shows that corporate Chief Financial Officers (CFOs) are engaging with sustainability1 in increasing numbers. This study surveyed CFOs from companies each generating at least US$1 billion in revenue, drawn from across 14 countries on five continents. It paints a clear picture…
Inconsistent shareholder spread – Disclosures The JSE’s current Listing Requirements contain ambiguities that lead to inconsistent disclosures on public and non-public shareholders. Listed companies need to disclose a shareholder spread in their annual report in terms of section 8.63(d) of the JSE’s Listings Requirements. The shareholder spread deals with the number and percentage shareholding by…
Charles Hattingh The Reality Behind Price Earnings Ratios (PERs) Financial commentators are often hopelessly misinformed when discussing PERs, particularly in the light of Gordon’s Growth Model. Commentators on local radio and television stations seem to believe that shares of companies are only fairly valued if their PERs are in the vicinity of 10. The sort…
Going Green: BMW 5 Active Hybrid and The Toyota Auris HD As we resolve to save the planet, or at least leave some of it intact for future generations, so too is the motoring world abuzz with efforts to try and reduce its carbon footprint. Several technologies have been examined, but three are at the…
If you were to ask me what I view as SAICA’s prime priority, I’d identify it as the maintenance of the highest standards. Virtually all our activities are directed towards this end; it is, indeed, our “raison d’être”. During the course of striving to meet this mandate, we regularly conduct reality checks; something akin to…